Many Nebraskans wrestle with credit card, auto, payday, student and other debt types. Among the states, Nebraska ranks below average in terms of unemployment, with 4.2% of the labor force unemployed. About 12.90% of the population and 8.90% of families live in poverty.
The average Nebraskan has $1,032 in personal debt, plus $139,626 of mortgage debt for homeowners. On average, Nebraska residents carry a credit cardd balance of $5,845 and 54% of Nebraskans have student loan debt – $25,750 worth to be precise. Every year approximately 4,050 Nebraskans declare bankruptcy. Fortunately for you, there are a number of Nebraska debt consolidation options to help you get free from debt.
So whether you live in Omaha, Lincoln, Bellevue, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.
The Best Debt Consolidation Companies in Nebraska (updated 2020)
Finding a legit debt consolidation firm can be tough. We’ve done the research and picked the [n] best debt consolidation firms in the state of Nebraska. Our criteria includes online reputation, breadth of services offered, and demonstration of expertise. All have at least an A rating with the Better Business Bureau.
Skrupa Law Office, LLC – Omaha
1850 S 72nd St
Omaha, NE, 68124-1704
(402) 571-2900
http://www.skrupalaw.com
Rating: 8.85/10
Skrupa Law Office, LLC
620 N 48th St
Lincoln, NE, 68504-3467
(402) 464-3311
http://www.skrupalaw.com
Rating: 8.96/10
GreenPath, Inc. – Omaha
8031 W Center Rd # 204
Omaha, NE, 68124-3134
(888) 776-6735
http://www.greenpath.com
Rating: 9.07/10
GreenPath, Inc. – Norfolk
1105 S 13th St # 205
Norfolk, NE, 68701-5767
(888) 776-6735
http://www.greenpath.com
Rating: 9.18/10
GreenPath, Inc.
5000 Central Park Dr Ste 204 # A-20
Lincoln, NE, 68504-3465
(888) 776-6735
http://www.greenpath.com
Rating: 9.29/10
Credit Advisors, Inc.
1850 S 72nd St
Omaha, NE, 68124-1704
(402) 393-3400
http://www.creditadvisors.com
Rating: 9.4/10
Nebraska Debt Statistics
| Total Debt | $2,014,523 |
| Debt Per Capita | $1,032 |
| Debt Per Capita Rank | 49 |
Source: World Population Review
Nebraska Credit Card Debt Statistics
| Average Credit Card Balance | 689 |
| Average Credit Score | $5,845 |
| Avg Credit Card Balance Rank (1 = Highest Balance) | 36 |
| Avg Credit Score Rank (1=Highest Score) | 13 |
Source: Experian
Mortgage Debt in Nebraska
| Mortgage Debt Per Capita | $139,626 |
| Avg 30 yr Mortgage Rate | 3.98% |
| Avg 15 yr Mortgage Rate | 3.53% |
| Median Home Value | $169,900 |
| Avg Outstanding Mortgage Debt | $139,719 |
| Difference Between Value and Mortgage Debt | $30,181 |
| Avg Homeowner FICO Score | 723 |
Source: Federal Reserve, Value Penguin, Experian
Payday Loan Debt in Nebraska
| Payday Loan Legal Status | Legal |
| Max Payday Loan Amount | 500 |
| Max Payday Loan Term | 34 days |
| Max Payday Loan APR | 460% |
Source: Nebraska Government Website
Unemployment and the Economy of Nebraska
| Poverty Rate – Population | 12.90% |
| Poverty Rate – Population – Rank | 36 |
| Poverty Rate – Family | 8.90% |
| Poverty Rate – Family – Rank | 36 |
| Unemployment Rate (March 2020) | 4.2 |
| Unemployment Rank | 27 |
| GDP Growth | 3.4 |
| GDP Growth Rank | 11 |
Source: US Census, Bureau of Labor Statistics
Student Loan Debt in Nebraska
| Percent of Population with Student Loans | 54% |
| Average Student Loan debt | $25,750 |
| Average Debt of New Graduates (2017-18) | $26,422 |
| Average Debt Rank | nan |
| Percent of Graduates with Debt (2017-18) | 55% |
| Percent with Debt Rank | nan |
| Usable Institutions (BA-Granting) | 8 |
| Percent of Graduates at Schools with Usable Data | 48% |
| Nonfederal debt of graduates, as percent of total debt | 16% |
| Fall enrollment – Undergraduate total (IPEDS) | 110,862 |
| Tuition and Fees (in-district/in-state) | $11,991 |
| Total Cost of Attendance (on-campus) | $26,156 |
| Percent of Institutional Grants that are Need-Based | 59% |
Source: Value Penguin, TICAS
Cost of Living in Nebraska
| Annual Mean Wage (All Occupations) | $46,710 |
| Median Monthly Rent | $1,253 |
| Value of a Dollar | $1.10 |
| Cost of Living | 90.8 |
| Cost of Living Rank | 14 |
| Grocery Cost Index | 95.5 |
| Housing Cost Index | 80.9 |
| Utilities Cost Index | 90.8 |
| Transportation Cost Index | 94.3 |
| Miscellaneous Cost Index | 99.9 |
Source: World Population Review